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Search Results 0 to 14 of about 15 (some duplicates have been removed)
CSPAN
Dec 13, 2012 6:00am EST
forward these projections now given the uncertainty over the fiscal cliff? how plastics are these? >> are you talking about the ions?roject and stac clearly the fiscal cliff is having an affect them, even though we have not reached the point of it kicking in. it is already affecting business and hiring investment by creating uncertainty or pessimism. we saw what happened recently to consumer sentiment which fell in part because of concerns about the fiscal cliff. clearly, this is a major risk factor and a major source of uncertainty. i would suspect -- although, the participants don't always make this explicit -- i would suspect what they assume in their projections is that the fiscal cliff gets resolved and -- in some intermediate way where there is still some fiscal drag but not as much as implied by the entire fiscal cliff. i think that is probably the underlying assumption that most people talk when they made their projections. you're absolutely right that there is a lot of uncertainty right now and of the fiscal cliff situation turns out to be innate way to resolve the differently th
CSPAN
Dec 12, 2012 6:00am EST
of these issues. [inaudible] >> the short run problems of the fiscal cliff, but we're going to do with this debt and deficit issue and take time to summarize how we should look at these issues. i will start with david on the far side and move right across. >> thank you for coming. first, there are common denominators between the challenges at the federal, state, and local levels. some are inadequate but the controls, escalating health care costs, huge unfunded and off balance sheet obligations and outdated tax systems. other factors -- demographics, and infrastructure, state of the infrastructure, etc. with regard to the federal government, there is a lot of attention on the so-called fiscal cliff. i think here everyone knows what that relates to. that is really more the system. it is not the disease. but washington typically does, it focuses on some things rather than the disease. we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge to a grand barg
CSPAN
Dec 5, 2012 8:00pm EST
-- politicians from both sides said they would be able to avoid the fiscal cliff. this included chris van hollen. also, senators mark warner and bob corker, a republican from tennessee. this is one hour. >> good morning. i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is
CSPAN
Dec 12, 2012 8:00pm EST
. >> house negotiations over a fix for the so-called fiscal cliff continues in washington. house members talked on the floor on a resolution that would take measures. it begins with a texas republican. this is just over an hour. mr. sessions: thank you very much, mr. speaker. for the purpose of debate only, i yield the customary 30 minutes to the gentlewoman from fair point, new york, my dear friend, the ranking member on the committee, ms. slaughter, pending which i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. sessions: thank you very much. during consideration of this resolution, all time is yielded for the purpose of debate only. mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks. the speaker pro tempore: without objection. mr. sessions: i rise today in support of this rule which will provide this body the ability to consider legislation under suspension of the rules for the remainder of this congress. however, i would prefer not really to be here today ta
CSPAN
Dec 12, 2012 1:00am EST
meeting. he said reaching a deal on the so-called fiscal cliff before christmas will be difficult, as house republicans have not offered any detailed proposals. his remarks are just over five minutes. >> i am sorry. start over again. speaker boehner said he is waiting on president obama to outline spending cuts. this is a kind of strange thing for the speaker to say. president obama outlined very specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. of course, nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts. tell us what you want. that is what i say to them. we cannot read their minds. we are not going to make a proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if they understand, which i hoped they do by now, we are going to look out for the middle class first. the only thing standing in the way of an agreement is republicans, their insistence on holding tax cuts for middle- class families hostage to
CSPAN
Dec 6, 2012 8:00pm EST
culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. he is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. with the president is really in, as we learned just yesterday, is getting as much taxpayer money as he can, first by raising taxes on small businesses who he believes are making too much money, and then on everybody else. not so he can lower the debt or the deficit, but so he can spend to his heart's conte
CSPAN
Dec 11, 2012 8:00pm EST
portion of this hour talking about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal with entitlements. and i'm here to agree that we can and we should deal with entitlements. certainly two of those issues, which i really don't think we ought to call entitlements but are fundamental programs here in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has
CSPAN
Dec 6, 2012 1:00am EST
in washington and finally address the problem. >> as we continue to try to solve the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give you the answer of where we're going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we
CSPAN
Dec 13, 2012 1:00am EST
chuck of the fiscal cliff is done. don't insult the people with things that aren't true, dot tell them it's not about compromise and don't sit here and pretend like we're working when we're not. they know better, they're smarter, they know. give the american people what they want. stability and a congress that works and let's move on to other pressing issues. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from texas. mr. sessions: i reserve. the speaker pro tempore: the gentlelady from new york. ms. slaughter spm i'm pleased to yield two minutes to the gentleman from new jersey, mr. andrews. the speaker pro tempore: the gentleman is recognized for two minutes. mr. andrews: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. . mr. andrews: there is a lot of disagreement about the future of our country. there is disagreement over how to handle spending, what should be cut, what should be reduced, what should be increased. there is disagreement over how much and when to raise the debt ceil
CSPAN
Dec 7, 2012 1:00am EST
direction from the fiscal cliff and talk more about long-term and medium-term economic realities we face. in your written testimony to this committee, you warned against kicking the can down the road indefinitely because of the adverse effect that might have on the economy. the medium and long-term impact it might have. i thought your analysis was definitely something we need to pay attention to. as you observed in the failure to make progress in this area now could signal that we have bigger troubles ahead. the moody's analytics model that you used breaks down about 2028. the reason it does that because at that point, the interest on our national debt will start to cripple our economy. we will be left without much recourse. i'm not sure there is a tax increase on the planet that could suddenly fix that. i'm not sure we could print money fast enough. if we did, we would go the way of argentina. i tend to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche
CSPAN
Dec 5, 2012 6:00am EST
things, like things like the fiscal cliff, when are we going to do it? i agree we need to delay the implementation of some of these, so that seniors can prepare, but i think we need to keep that in mind. secondly, in terms of the 10- year in terms of the longer term, it is not that difficult to stabilize in the 10-year window. president obama's does. if we have done nothing on the entitlements, and that is worse than doing $4 trillion and having some systemic reform kicking in over the next few decades, so i think it is important. when we say stabilizing the debt, we need stabilizing it, not just for a few years and then having demographics again, ideally putting it on a path towards -- >> if you look at the president's plan, it does not meet my standard. he has not gone far enough. i agree. he has fallen short on spending. he has got it on revenue or pretty close. he has got three more to get the trajectories stable moving south as we go into the second tenures. -- tenures of the long term horizon. >> all or ones, i can think it is just way too much for any realistic expectation, a
CSPAN
Dec 4, 2012 8:00pm EST
thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people will be required to pay the amt in 2012, and they will pay an additional $90 billion in tax. very few of them have any idea this is on the table. host: is the irs prepared? guest: the irs is fairly unusual, but in a correct position, that congress will do the responsible thing -- they took the position that congress will do the responsible thing. they assumed congress will enact a package before the end of the year, and i think that was the reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch of the tax return filing season next year will be quite chaoti
CSPAN
Dec 5, 2012 1:00am EST
fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, shareholders take a vintage of a lower rate. i expect you will see more investors realize lower capital gains in order to get lower rates. there is clearly money there. there is clearly money that has interesting, distributional characteristics. as you think about the political process trying to structure when a package with a revenue goal and a distribution goal, my prediction is you will see at least some of those increases occur. i personally would be surprised if the dividend rate went back up to ordinary rates. the senate would allow it to stay at the capital gains rate, and go it to 15% to 20%. the president initially proposed cutting dividends they the same as capital gains. my guess would be that that is where we end up. >> what would you say is best? should the dividend be the same as capital gains tax >> i find it hard. i have looked around. i find it hard to have an argument for why the divid
Search Results 0 to 14 of about 15 (some duplicates have been removed)